The article cited AMA's "Global IoT Managed Services Market Study" explored substantial growth in Asia Pacific and CAGR of 23.11%. According to the report, Increasing momentum of managed cloud services across the globe is one of the primary growth factors for the market. The rising adoption rate of smart technologies in various industries has led the demand for the IoT technologies
is also expected to contribute significantly to the IoT Managed Services market growth. Overall, Energy and Utilities
applications of IoT Managed Services, and the growing awareness of them, is what makes this segment of the industry important to its overall growth.
AMAs Analyst on the Global IoT Managed Services market identified that the demand is rising in many different parts of the world as "Rise of connected devices will generate demand for IoT managed services market
". Furthermore, some recent industry insights like "On 4 Oct 2018, Cognizant announced it has entered into a definitive agreement to acquire Softvision, LLC, a privately-held digital engineering and consulting company focused on agile development of innovative software solutions and platforms. and On 1 March 2017, Cognizant announced the acquisition of Brilliant Service Co. Ltd., an intelligent products and solutions company headquartered in Osaka, Japan, specializing in digital strategy, product design and engineering, the Internet of Things (IoT), and enterp" is constantly making the industry dynamic.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global IoT Managed Services market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2018 currency rates.
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the IoT Managed Services market and other related sub-markets covered in the study.
o Key & emerging players in the market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall IoT Managed Services market size is calculated using market estimation process, the IoT Managed Services market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global IoT Managed Services market size has been validated using both top-down and bottom-up approaches.